Here is ALL the after hours news from Briefing.com -->
Philip Morris (MO) 51.01 -1.09: Philip Morris announced via an 8-K filing that Kraft Foods Inc.plans to issue 280 mln shares of class A
common stock with an estimated price range of $26 to $31 per share in its IPO.
General Electric (GE) 49.10 +0.19: The Wall Street Journal reports that the Dept. of Justice has approved GE's acquisition of
Honeywell (HON). Honeywell reportedly will divest a helicopter engine manufacturing subsidiary as a condition.
Macromedia (MACR) 26.57 +2.87: -- Update -- On conference call, mgmt adamant on call not to provide guidance. Mgmt keeps
getting pressed during Q&A, but mgmt will not provide any guidance -- not a number and will not even characterize higher or lower
etc...stock trading at 21.
Macromedia (MACR) 26.57 +2.87: -- Update -- On conference call, company explained reduction in gross margin to 89% from 91%
in DecQ. Due to slightly lower sales mix and a bit with Allaire acqusition...Yet another comment on 20% operating margin guidance:
"We're not really providing guidance here." Bottom line, no guidance whatsoever...stock trading at 21.
Macromedia (MACR) 26.57 +2.87: -- Update -- On conference call, mgmt sees long term growth objective of 35%, but this year will
be difficult...operating margin guidance in the past had been around 25%, so guidance mentioned in earlier comment is a reduction. "Don't
think we will get to 20% operating margin this year." was an answer during Q&A session which conflicts with comment during the call.
20% is more of a longer term goal....stock trading at 21.10.
Macromedia (MACR) 26.57 +2.87: -- Update -- On conference call, only guidance given: "over 20% operating income"; declined to be
more specific....stock selling off to $21.
Compuware (CPWR) 11.01 -0.25: -- Update -- Conference call concluded, mgmt positive about forward prospects but the deteriorating
dynamics in its revenue stream are difficult to overlook. Nonetheless, CPWR expects 40-50% EPS growth next year. CPWR +0.14
PacifiCare Hlth (PHSY) 37.39 -0.07: Reports Q1 earnings of $0.39 a share, $0.05 better than the First Call consensus of $0.34, vs
year-ago earnings of $1.94; revenues rose 7.2% to $3.03 mln from a year-ago of $2.83 mln.
HotJobs.com (HOTJ) 5.40 +0.18: Reports Q1 operating loss of $0.16, $0.01 better than consensus. Revenue of $33.6 mln was a
142% increase over $13.9 million for the same period in 2000. Company expects total revenue for Q2 to increase by approximately 38%
to 41% y/y, and to decrease by approximately 6% to 8% from Q1. Loss per share to be about ($0.08), vs consensus of ($0.15).
Columbia Sportswr (COLM) 70.21 +0.99: Declares 3-2 split of common shares.
VIA NET.WORKS (VNWI) 2.51 +0.28: Reports Q1 loss of $0.50 a share, $0.07 better than the First Call consensus of ($0.57);
revenues rose 30.0% to $26.03 mln from a year-ago of $20.02 mln. VIA expects to report revenue growth in Q2 of 9 to 11% and net
loss per share of between ($0.53) and ($0.55), vs estimate of ($0.59).
Compuware (CPWR) 11.01 -0.25: -- Update -- On conference call, average margin for the upcoming year "should be about 8% or so".
CPWR +0.09
Braun Consulting (BRNC) 5.80 +0.13: Reports Q1 earnings of $0.01 a share, $0.02 better than the First Call consensus of ($0.01),
vs year-ago earnings of $0.07; revenues rose 22.5% to $21.63 mln from a year-ago of $17.66 mln. Company expects Q2 revenue to be
between $21.0 and $22.0 million, with pro-forma cash earnings per share to be breakeven to slightly positive, estimate is $0.02.
Midway Games (MWY) 10.22 -0.08: -- Update -- Call just concluded... management quite upbeat about company's future, saying it has
never been more excited about a product lineup due to come out than it is today; in calendar year 2002, it anticipates releasing over 31
products, including at least twelve games for PlayStation 2, nine games for GameCube, and ten games for Xbox; promises that products
set to be released in calendar 2002 will deal with new genres beyond driving, fighting, and adventure.
Compuware (CPWR) 11.01 -0.25: -- Update -- On conference call, CPWR first quarter 2002 guidance... software license revenue
$100 million, maintainence revenue $112 million, professional services $250 million - $260 million; margins on professional
services expected to be 5-6%. CPWR -0.19
Midway Games (MWY) 10.22 -0.08: -- Update -- On call, says the period it expects its business to turn much more positively will begin
in fall and continue through the close of the calendar year; indicates the home video game business, as opposed to coin-operated business,
will be its primary focus and main driver of results going forward
Compuware (CPWR) 11.01 -0.25: -- Update -- On conference call, CPWR feels it can grow 2002 EPS in the 40-50% range over this
year's EPS. CPWR +0.43
Midway Games (MWY) 10.22 -0.08: -- Update -- On conference call, says it expects Q4 revenues of $18-$20 mln (consensus $37.5
mln) and net loss to be slightly less than Q3 net loss of $0.38 per share, after excluding restructuring charge (consensus is for loss of
$0.27).
Cirrus Logic (CRUS) 16.70 +0.07: -- Update -- Company announces shift in focus to higher growth and higher margin entertainment
electronics, away from magnetic storage. Mgmt expects magnetic storage revenue to decline 20% sequentially in JunQ. Cirrus Logic will
become the largest pure play in consumer entertainment electronics, with strength in analog and DSP technologies...stock trading at 17.75.
Aeroflex (ARXX) 15.60 +1.60: -- Update -- Company warns for Q4; sees EPS of $0.08-0.10; current EPS estimate is $0.13.
Asyst Tech (ASYT) 19.12 unch: -- Update -- Company warns for Q1; sees quarterly loss; current EPS estimate is $0.12.
ACT Mfg (ACTM) 17.50 +0.44: Reports Q1 earnings of $0.49 a share, $0.05 worse than the First Call consensus of $0.54, vs
year-ago earnings of $0.36; revenues rose 94.4% to $445.26 mln from a year-ago of $229.09 mln.
Midway Games (MWY) 10.22 -0.08: Reports Q3 loss of $0.38 a share, $0.07 worse than the First Call consensus of ($0.31);
revenues fell 56.8% to $23.72 mln from a year-ago of $54.95 mln.
Aeroflex (ARXX) 15.60 +1.60: Reports Q3 earnings of $0.12 a share, in line with the First Call consensus of $0.12, vs year-ago
earnings of $0.06.
Continental Air (CAL ) 51.25 +0.83: Wall Street Journal reporting that Continental President and COO, Gregory Brenneman is
expected to resign shortly. CFO Lawrence Kellner seen as likely replacement.
Macromedia (MACR) 26.58 +2.88: Reports Q4 earnings of $0.15 a share, $0.05 worse than the First Call consensus of $0.20, vs
year-ago earnings of $0.30; revenues rose 3.1% to $89.08 mln from a year-ago of $86.40 mln. No financial guidance given due to poor
visibility.
Delano Tech (DTEC) 1.06 +0.07: Reports Q4 loss of $0.40 a share, $0.04 worse than the First Call consensus of ($0.36); revenues
rose 70.7% to $7.05 mln from a year-ago of $4.13 mln.
Agency.com (ACOM) 2.13 +0.14: Reports Q1 loss of $0.12 a share, $0.02 better than the First Call consensus of ($0.14); revenue
was $41.1 mln.
Buy.com (BUYX) 0.71 +0.16: Reports Q1 loss of $0.08 a share, $0.04 better than the Zacks consensus of ($0.12). Revenues were
$124.6 million, down 40% from $207.6 million in the same period a year ago. Q2 revenues are expected to be below first quarter
revenues.
Vitesse Semi (VTSS) 37.78 +3.30: Company announces plan to reduce its 1,280 member workforce by approx. 12%; upper
management to take a 10%-25% cut in salary. "This action was necessary in light of the slowdown in customer demand and the need to
size the company to previously announced revenue expectations."
eGain Comms (EGAN) 3.80 +0.60: Reports Q3 loss of $0.42 a share, $0.05 better than the First Call consensus of ($0.47); revenues
rose 306.3% to $13.42 mln from a year-ago of $3.30 mln. Company issues upside preannouncement for Q4; sees loss of $0.30-0.33;
current EPS estimate is ($0.40).
Asyst Tech (ASYT) 19.12 unch: Reports Q4 earnings of $0.05 a share, $0.22 worse than the Zacks consensus of $0.27, vs year-ago
earnings of $0.34; revenues rose 22.5% to $115.08 mln from a year-ago of $93.96 mln.
Genencor (GCOR) 15.84 +1.85: Reports Q1 earnings of $0.07 a share, $0.06 better than the First Call consensus of $0.01, vs
year-ago earnings of $0.11; revenues fell 2.5% to $77.72 mln from a year-ago of $79.70 mln. The company estimates fully diluted earnings
per share for the year 2001 of between $0.20 and $0.22, consistent with prior guidance.
Compuware (CPWR) 11.01 -0.25: Reports Q4 earnings of $0.16 a share, in line with the First Call consensus of $0.16, vs year-ago
earnings of $0.15; revenues fell 11.6% to $514.50 mln from a year-ago of $582.06 mln.
Cirrus Logic (CRUS) 16.70 +0.07: Reports Q4 earnings of $0.06 a share, in line with the First Call consensus of $0.06, vs year-ago
earnings of $0.05; revenues rose 24.6% to $199.73 mln from a year-ago of $160.25 mln. Sees Q1 total revenues down 10 to 15 percent
from Q4 levels with EPS of $0.10-0.15, vs consensus of $0.11.
Genzyme (GENZ) 108.16 -2.87: Company announces a $500 mln convertible offering; we're hearing that CSFB will be pricing the
deal tonight. Stock trading down to to 103 after hours.
Peet's Coffee (PEET) 9.53 +0.03: Reports Q1 loss of $0.04 a share, $0.01 better than the First Call consensus of ($0.05); revenues
rose 15.2% to $22.57 mln from a year-ago of $19.58 mln.
Celeritek (CLTK) 13.10 +0.25: Reports Q4 loss of $0.39 a share, $0.29 worse than the First Call consensus of ($0.10), vs year-ago
earnings of $0.01; revenues rose 16.5% to $18.02 mln from a year-ago of $15.47 mln. Company also announces it will reduce workforce
by approximately 30% and institute a 10% pay reduction program for approximately 25% of the employees. Company anticipates revenue
per quarter of between $14 and $15 million.
Caminus (CAMZ) 31.10 -0.44: Reports Q1 earnings of $0.08 a share, $0.01 worse than the First Call consensus of $0.09, vs
year-ago earnings of $0.05. Revenue increased 92% to $16.4 million, compared to $8.5 million for the first quarter of 2000. |
